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Japan’s Honda reports robust results after its first ever annual loss
Honda said motorcycle sales in Brazil and India helped lift quarterly profit as it previews the 2027 CRF450R.
- Tokyo-Based Honda Motor Co. reported Wednesday that April-June profit reached 456.9 billion yen , with quarterly sales rising 13.5% to 6.06 trillion yen as vehicles sold well in the U.S. and India.
- Chief Financial Officer Masao Kawaguchi attributed the healthy results partly to a favorable exchange rate, while motorcycle operations proved highly lucrative with strong sales in Brazil and India.
- While car sales grew in Japan and the U.S., Kawaguchi noted struggles in China, where Honda must better utilize resources to appeal to local buyers; abandoned electric-vehicle plans incurred heavy costs partly due to President Donald Trump's policies.
- All Japanese automakers face disruptions from the 7.1 magnitude earthquake in Kumamoto, yet Honda raised its annual profit forecast to 400 billion yen from 260 billion yen .
- Like other Japanese companies, Honda plans to take a summer break later this month, with officials hoping operations will return to normal following the recent earthquake and production disruptions.
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Associated Press News+6 Reposted by 6 other sources
Japan's Honda reports robust results after its first ever annual loss
Honda’s profit for the fiscal first quarter more than doubled from a year ago, as the Japanese automaker continues to tackle a turnaround from its first ever full year loss.
·New York, United States
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Honda Motor, Japan’s second-largest automaker, reported its first quarterly profit growth in six quarters on Wednesday (August 5) and raised its full-year earnings forecast.
·New York, United States
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Total News Sources11
Leaning Left5Leaning Right1Center4Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 40%
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